Pension Benefits

The City of Portland is a Maine Public Employees Retirement System member employer that does not cover employees under Social Security. Employees hired on or after April 1, 1986 and the city each contribute 1.45% of total pay for future eligibility of Medicare hospitalization insurance.

Permanent employees working 21 or more hours per week must enroll in a qualified retirement plan. The city offers an irrevocable choice between Maine Public Employees Retirement System's (MainePERS) Defined Benefit Plan or ICMA-RC's 401(a) Defined Contribution Plan.


MainePERS' participants contribute 8.0% (pretax federal basis only) of their total Maine Public Employees Retirement System (MainePERS) pensionable pay to a defined benefit plan. The City of Portland makes contributions on their behalf as determined by MainePERS, on an annual actuarial basis.

Firefighters and firefighter / paramedics hired on or after March 26, 1981 and police officers hired on or after April 17, 1980 belong to 25 years, no age special plan and remaining employees belong to the regular plan, 25 years, age 65 for new members as 7/1/2014. Vesting is completed after five years of creditable service with MainePERS.  Disability retirement and survivor benefits are available.

If you wish to find out how many creditable years of service you have with the MainePERS, your contributions to date (statement of account) or an estimate of your monthly pension benefit upon retirement, you may contact MainePERS directly at 800-451-9800 or the Benefits Division, ext. 8621 or ext. 8629.


ICMA-RC participants contribute 8.0% (pretax federal and state) and the City of Portland contributes 7.5% of gross pay. Various options of investment funds available. Vesting for employer contributions is completed after three years of city service. Long-term disability benefits (60% of gross salary) are through UNUM.

All permanent employees working 20 hours or less per week and all temporary, seasonal and on-call employees contribute 6.5% of gross earnings (pretax federal and state) to the ICMA 457 PTS (part-time, temporary and seasonal) Plan. The city contributes 1.0% on the employee's behalf.

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